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Today we are talking about Michaels.

The ticker symbol is MIK.

Michaels will report earnings Tuesday June 7th before the bell.

It’s beaten earnings the past three quarters.

Etsy (ETSY) has a great quarter when it reported earnings a few weeks ago.

Where do you think people are buying their arts & craft supplies to make their products to sell on Etsy?

Although Etsy makes 54% of their revenue from seller services, you’ve got a point!

Michaels has gone up 4.32% the past month.

It’s gone up 24.94% the past 3 months.

And it’s up 37.54% year to date.

People say it’s one of the companies that’s “Amazon-proof”

People like to touch and feel arts & crafts supplies before buying them.

If you were to ask people which stock they would rather buy, Amazon (AMZN) or Michaels, most would probably pick Amazon.

It’s a trendy pick.

Fun Fact: Michaels has outperformed Amazon so far this year.

Amazon is up 7.35% in 2016.

Did you know that Michaels has outperformed all the FANG stocks this year?

Neflix (NFLX) is down 12.93% so far this year.

Alphabet (Google) (GOOGL) is down 4.34% year to date.

Facebook (FB) is the best performing FANG stock this year.

It’s up 13.20% so far this year.

That pales in comparison to Michaels’ stock performance in 2016 so far.

The dollar stores like Dollar Tree (DLTR), Dollar General (DG) and Big Lots (BIG) all reported robust earnings.

People are looking for deals in this economy.

And Michaels delivers deals with their online and mobile coupons.

Plus over 50% of their products are ones they make in-house.

This boosts their profit margins.

And makes the products they carry in the stores more exclusive.

We predict another winning quarter.

And an earnings beat.

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